Industry News

HUD: “Humans of HUD” Photoblog Launched

Project highlights the trials and triumphs of the people HUD serves The U.S. Department of Housing and Urban Development today announced the launch of ‘Humans of HUD’ – a photoblog dedicated to documenting the journeys of people who are impacted by the Department’s programs and services. The inspiring collection of photos and stories are part…

HUD: Public Housing Agencies Invited to Join Meeting to Work Demonstration Project

MTW allows greater flexibility to improve housing choice and self-sufficiency The U.S. Department of Housing and Urban Development (HUD) is inviting public housing agencies to join the Department’s expanding Moving to Work demonstration program. Moving to Work (MTW) allows public housing agencies (PHAs) to practice greater program flexibility and encourages housing choice and self-sufficiency among…

FHFA: Mortgage Translations Clearinghouse Launched to Help Borrowers with English Language Barriers

The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and Fannie Mae (FNMA/OTC) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers. LEP borrowers make up a growing share of today’s mortgage…

EDA: U.S. Commerce Department Announces Tenth Americas Competitiveness Exchange

Senior Officials from Across the Western Hemisphere and other Nations to Visit Northern California’s Innovation and Entrepreneurship Hubs WASHINGTON – Today, the U.S. Department of Commerce’s International Trade Administration (ITA) and Economic Development Administration (EDA), in coordination with the U.S. Department of State and the Organization of American States (OAS), announced that 50 high-level representatives…

HUD: $47 Million in Housing Counseling Grants Awarded

Funding intended to help families find and keep their homes The U.S. Department of Housing and Urban Development (HUD) today awarded $47 million in housing counseling grants to help approximately 1 million households find housing, make more informed housing choices, or keep their current homes. See list of all counseling agencies awarded funding today. “HUD-approved…

FDIC: New Members for the Advisory Committee on Community Banking Announced

The Federal Deposit Insurance Corporation (FDIC) has announced the selection of seven new members for its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory Committee members represent a cross-section…

EDA: $6.7 Million Invested to Support Local Business Development and Job Growth Efforts in West Virginia

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $6.7 million in grants to the State of West Virginia to support local business development and job growth efforts. According to grantee estimates, the projects are expected to create or retain more than 1,430 jobs, while generating $35…

SBA: Contributions of Women Entrepreneurs Recognized during National Women’s Small Business Month

The U.S. Small Business Administration is recognizing National Women’s Small Business Month and the countless women small business owners who have pursued their passion and taken the leap into entrepreneurship. Women are a driving force in the nation’s economy, starting most new businesses.  They own 9.9 million companies that employ more than eight million people…

EDA: $7.1 Million Invested to Improve Disaster Resilience at the Big Pasco Industrial Center in Pasco, WA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.1 million grant to the Port of Pasco in Pasco, Washington, to make roadway and storm water management improvements needed to support the continuous operation of the Big Pasco Industrial Center. According to grantee estimates, the project…

ABA: Foundation Honors Texas Banker with Distinguished Service Award

Marcus A. Vasquez, a Texas banker, has been named the ABA Foundation’s 2018 George Bailey Distinguished Service Award winner for his efforts to assist his community after Hurricane Harvey. Vasquez currently serves as the vice president and fair banking officer for Allegiance Bank in Houston, and has more than 14 years of banking experience both…